Individual – Tax Checklist

INCOME

• Employment income (All T4 Slips)
• Investment income (T5)
• Pension income (T4A, T4A(P), T4RIF, T4RSP)
• Employment insurance (T4E)
• Trusts income-mutual fund investments (T3)
• Old age security/CPP benefits (T4OAS)
• Income from partnerships (T5013)
• Social assistance payments (T5007)
• Workers compensation
• RRSP Withdrawals
• Rental Income
• Business, Farm or Fishing Income
• Spousal support payments received
• Income from foreign investments
• Details of real estate sales
• Sale of securities such as stocks and bonds
• (eg. trading summary from your broker)
• All other income

DEDUCTIONS – GENERAL

• RRSP contributions
• Medical expenses
• Private health plan payments
• Child care expenses
• Charitable donations
• Political contributions receipts
• Tuition/education amount (T2202A)
• Interest paid on student loans
• Child/Spousal support payments
• Moving expenses
• Interest charges/Safety deposit
• Disability credit (T2201)
• Property taxes/rent paid and to whom
• Professional dues, union dues
• Adoption expenses
• Certain Legal fees
• Tool expenses (trades person)
• First time home byuers

DEDUCTIONS – EMPLOYEES

• Conditions of employment form (T2200)
• Home office expenses
  • Business portion (Area)
  • Rent/Mort interest paid
  • Utilities
  • Insurance
  • Property taxes
• Commission sales-person
  • Advertising/Promotion
  • Meals & Entertainment
• Motor vehicle expenses
  • Total KM/KM for work
  • Lease payments
  • Loan interest
  • Insurance
  • Repairs & Maint.
  • Gas & Fuel
  • License & Reg.

UNINCORPORATED BUSINESSES

• Total sales for the year
• Total expenses by category
• Capital assets acquired
• Home office/Vehicle expenses

RENTAL PROPERTIES

• Address and number of units
• Rental income by unit
• Rental expenses by unit/category
• Motor vehicle expenses
• Partners’ names, addresses and SINs
• Legal fees

OTHER ITEMS

• Notice of Assessment (Prior Year)
• Tax returns (Prior Year)
• Other years’ reassessments
• Contact/personal details if changed
• Details of foreign property
• Installment payments

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